Braskem's March offers for PE and PP to Andean countries expected to increase month-over-month at least US$50/tonne and US$100/tonne, respectively; increase attributed to global market conditions, market insider says
March 6, 2012
– Braskem SA's offers for polyethylene to the three Andean countries, Ecuador, Colombia and Peru for March are expected to rise by a minimum of US$50 per tonne, Platts reported March 5, citing a company source.
The source went on to say that a final decision would come March 7.
Last month, Braskem's offers to the three countries were quoted at $1,600/tonne cost and freight for high-density PE film and injection, and $1,560/tonne CFR for HDPE blow-molding. Prices for linear low-density PE butene were also at $1,560/tonne CFR while LDPE film settled at $1,580/tonne.
Meanwhile, March offers for PP for the region are expected to increase by a minimum of $100/tonne from last month, following a $100/tonne increase from January. The source attributed the increases to global market conditions.
Braskem's offers for PP to Ecuador and Peru in February were at $1,650/tonne CFR for homo raffia, injection and film. For co-polymer, prices were overheard at $1,700/tonne. For the Colombian market, offers were a little higher, coming in at $1,700/tonne CFR for homo-polymer and $1,750/tonne CFR for co-polymer.
A Peruvian trader told Platts that Asia still had the best offers, coming in at $1,620/tonne CFR for HDPE film and $1,560/tonne CFR for LLDPE butene and $1,610/tonne CFR for HDPE injection.
The offers were met with bids of about $1,590/tonne CFR for HDPE film, and $1,520/tonne CFR for LLDPE butene and $1,580/tonne CFR for HDPE injection.
The primary source of this article is Platts, New York, New York, March 5, 2012.